Argo Blockchain (ARBK) Operating Expenses (2021 - 2025)
Argo Blockchain's (ARBK) quarterly Operating Expenses came in at -$4.5 million in Q2 2025, up 22.67% year-over-year from -$3.7 million in Q2 2024, and up 48.25% quarter-over-quarter from -$8.7 million in Q3 2024.
Analysis
Argo Blockchain (ARBK) Operating Expenses (2021 - 2025) Analysis & Trends
Argo Blockchain has disclosed Operating Expenses across 5 years of filings, most recently posting -$4.5 million for Q2 2025.
- In Q2 2025, Operating Expenses rose 22.67% year-over-year to -$4.5 million; the TTM figure through Jun 2025 stood at -$22.1 million (up 20.29% YoY), while the FY2025 annual figure was $11.0 million, down 11.85% from the prior year.
- Operating Expenses came in at -$4.5 million for Q2 2025 at Argo Blockchain, up from -$8.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$551582.0 in Q3 2021 to a low of -$23.2 million in Q3 2022.
- Average Operating Expenses over 5 years is -$7.6 million, with a median of -$5.5 million recorded in 2021.
- Year-over-year, Operating Expenses sank 4105.18% in 2022 and soared 52.83% in 2023.
- Over 5 years, Operating Expenses stood at -$5.5 million in 2021, then tumbled by 285.1% to -$21.3 million in 2022, then soared by 48.63% to -$10.9 million in 2023, then grew by 20.67% to -$8.7 million in 2024, then jumped by 48.25% to -$4.5 million in 2025.
- Per Business Quant data, the three most recent Operating Expenses figures were -$4.5 million in Q2 2025, -$8.7 million in Q3 2024, and -$5.8 million in Q2 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bitmine Immersion Technologies | 57.18 Bn | 56.84 Bn | 40.81 Mn | 52.67 Mn |
| 2 | Iren | 33.35 Bn | 25.78 Bn | 103.89 Mn | 128.25 Mn |
| 3 | Hut 8 | 12.15 Bn | 5.67 Bn | 48.04 Mn | 78.04 Mn |
| 4 | Riot Platforms | 8.12 Bn | 7.57 Bn | 84.97 Mn | 413.67 Mn |
| 5 | Argo Blockchain | 6.30 Bn | 6.30 Bn | - | - |
| 6 | MARA Holdings | 4.58 Bn | 4.22 Bn | - | 695.95 Mn |
| 7 | Cleanspark | 3.51 Bn | 3.30 Bn | - | 370.41 Mn |
| 8 | Bitdeer Technologies | 2.82 Bn | 2.36 Bn | -8.53 Mn | -93.21 Mn |
| 9 | Keel Infrastructure | 2.20 Bn | 2.20 Bn | -86.75 Mn | 31.31 Mn |
| 10 | HIVE Digital Technologies | 831.06 Mn | 592.03 Mn | -29.49 Mn | 18.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2025 | -4.49 Mn |
| Sep 30, 2024 | -8.68 Mn |
| Jun 30, 2024 | -5.81 Mn |
| Mar 31, 2024 | -3.15 Mn |
| Sep 30, 2023 | -10.94 Mn |
| Jun 30, 2023 | -7.86 Mn |
| Mar 31, 2023 | -3.56 Mn |
| Dec 31, 2022 | -21.30 Mn |
| Sep 30, 2022 | -23.20 Mn |
| Jun 30, 2022 | -11.65 Mn |
| Mar 31, 2022 | -4.17 Mn |
| Dec 31, 2021 | -5.53 Mn |
| Sep 30, 2021 | -551,582.00 |
| Jun 30, 2021 | -3.20 Mn |
| Mar 31, 2021 | -633,000.00 |